IN SB0072 | 2021 | Regular Session
Status
Spectrum: Moderate Partisan Bill (Republican 4-1)
Status: Engrossed on February 23 2021 - 50% progression, died in committee
Action: 2021-03-04 - First reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Amended) [PDF]
Status: Engrossed on February 23 2021 - 50% progression, died in committee
Action: 2021-03-04 - First reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Amended) [PDF]
Summary
Taxation of farm property. Makes new farm equipment and new agricultural improvements eligible for local tax abatement using the same procedures for tax abatement under current law for new manufacturing equipment, new research and development equipment, new logistical distribution equipment, and new information technology equipment, or redevelopment and rehabilitation in the case of new agricultural improvements. Limits an abatement schedule for new farm equipment and new agricultural improvements to not more than five years. Specifies how agricultural improvements shall be assessed for tax purposes.
Title
Taxation of farm property.
Sponsors
Sen. Rick Niemeyer [R] | Sen. Ed Charbonneau [R] | Sen. Lonnie Randolph [D] | Rep. Harold Slager [R] |
Rep. Micheal Aylesworth [R] |
Roll Calls
2021-02-22 - Senate - Senate Floor - (Y: 49 N: 0 NV: 0 Abs: 1) [PASS]
2021-02-16 - Senate - Senate - Committee Vote (Y: 13 N: 0 NV: 0 Abs: 0) [PASS]
2021-02-16 - Senate - Senate - Committee Vote (Y: 13 N: 0 NV: 0 Abs: 0) [PASS]
History
Date | Chamber | Action |
---|---|---|
2021-03-04 | House | First reading: referred to Committee on Ways and Means |
2021-02-23 | Senate | Referred to the House |
2021-02-22 | Senate | Cosponsor: Representative Aylesworth |
2021-02-22 | Senate | House sponsor: Representative Slager |
2021-02-22 | Senate | Third reading: passed; Roll Call 148: yeas 49, nays 0 |
2021-02-22 | Senate | Senator Randolph added as coauthor |
2021-02-18 | Senate | Second reading: ordered engrossed |
2021-02-16 | Senate | Committee report: amend do pass, adopted |
2021-02-11 | Senate | Senator Charbonneau added as second author |
2021-01-04 | Senate | First reading: referred to Committee on Tax and Fiscal Policy |
2021-01-04 | Senate | Authored by Senator Niemeyer |